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Illinois Tool Works (ITW) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ITW Stock Forecast

Illinois Tool Works (ITW) stock forecast, based on 9 Wall Street analysts, predicts a 12-month average price target of $260.33, with a high of $281.00 and a low of $250.00. This represents a 1.54% increase from the last price of $256.38.

$235 $245 $255 $265 $275 $285 High: $281 Avg: $260.33 Low: $250 Last Closed Price: $256.38

ITW Stock Rating

Illinois Tool Works stock's rating consensus is Hold, based on 9 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (11.11%), 4 Hold (44.44%), 4 Sell (44.44%), and 0 Strong Sell (0.00%).

Hold
Total 9 0 4 4 1 Strong Sell Sell Hold Buy Strong Buy

ITW Forecast vs Benchmarks

TypeNameUpside
StockIllinois Tool Works1.54%
SectorIndustrials Stocks 15.95%
IndustryIndustrial Machinery Stocks10.90%

Price Target Trends

1M3M12M
# Anlaysts117
Avg Price Target$250.00$250.00$259.14
Last Closing Price$256.38$256.38$256.38
Upside/Downside-2.49%-2.49%1.08%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2512134222
Dec, 2412124322
Nov, 2444124327
Oct, 2444124327
Sep, 2444125328
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 07, 2025Joseph O'DeaWells Fargo$250.00$248.590.57%-2.49%
Sep 10, 2024Jonathan SakraidaCFRA$250.00$247.570.98%-2.49%
Jul 31, 2024Joseph O'DeaWells Fargo$236.00$249.34-5.35%-7.95%
Jul 31, 2024Jamie CookTruist Financial$281.00$249.3412.70%9.60%
May 01, 2024Joseph O'DeaWells Fargo$244.00$244.11-0.05%-4.83%
Apr 08, 2024Nigel CoeWolfe Research$250.00$262.94-4.92%-2.49%
Mar 13, 2024Jamie CookTruist Financial$303.00$262.6715.35%18.18%
Oct 03, 2022Barclays$172.00$183.33-6.18%-32.91%
Aug 03, 2022Morgan Stanley$191.00$206.61-7.56%-25.50%
Aug 03, 2022Wells Fargo$187.00$204.90-8.74%-27.06%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 07, 2025Wells FargoUnderweightUnderweighthold
Sep 10, 2024CFRAHoldupgrade
Jul 31, 2024Wells FargoUnderweightUnderweighthold
May 01, 2024Wells FargoUnderweightUnderweighthold
Apr 08, 2024CitigroupNeutralNeutralhold
Apr 02, 2024BarclaysUnderweightUnderweighthold
Feb 09, 2023UBSNeutralNeutralhold
Dec 15, 2022Goldman SachsNeutralNeutralhold
Oct 03, 2022BarclaysUnderweightUnderweighthold
Aug 15, 2022Deutsche BankHoldSelldowngrade

Financial Forecast

EPS Forecast

$6 $7 $8 $9 $10 $11 $12 $13 $14 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$6.66$8.55$9.64$9.77-----
Avg Forecast$6.39$8.47$9.33$9.76$11.52$10.62$11.41$12.41$12.82
High Forecast$6.27$8.31$9.15$9.68$11.45$10.35$10.89$11.90$12.40
Low Forecast$6.48$8.59$9.52$9.80$11.55$10.97$12.19$13.09$13.22
Surprise %4.23%0.94%3.32%0.10%-----

Revenue Forecast

$12B $13B $15B $16B $18B $19B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$12.57B$14.46B$15.93B$16.11B-----
Avg Forecast$12.42B$14.31B$15.85B$16.14B$15.95B$16.23B$16.86B$17.57B$18.06B
High Forecast$12.24B$14.11B$15.61B$16.09B$15.90B$15.88B$16.83B$17.50B$17.61B
Low Forecast$12.56B$14.47B$16.10B$16.17B$16.06B$16.40B$16.89B$17.64B$18.50B
Surprise %1.23%1.01%0.52%-0.19%-----

Net Income Forecast

$1B $2B $2B $3B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.11B$2.69B$3.03B$2.96B-----
Avg Forecast$1.75B$2.59B$2.68B$2.96B$3.49B$3.24B$3.33B$3.79B$3.89B
High Forecast$1.40B$2.07B$2.15B$2.37B$3.48B$3.14B$3.30B$3.61B$3.77B
Low Forecast$2.10B$3.11B$3.22B$3.55B$3.51B$3.33B$3.70B$3.98B$4.01B
Surprise %20.49%4.04%13.13%------

ITW Forecast FAQ

Is Illinois Tool Works stock a buy?

Illinois Tool Works stock has a consensus rating of Hold, based on 9 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 1 Buy, 4 Hold, 4 Sell, and 0 Strong Sell, reflecting a consensus that Illinois Tool Works is a neutral investment for most analysts.

What is Illinois Tool Works's price target?

Illinois Tool Works's price target, set by 9 Wall Street analysts, averages $260.33 over the next 12 months. The price target range spans from $250 at the low end to $281 at the high end, suggesting a potential 1.54% change from the previous close price of $256.38.

How does Illinois Tool Works stock forecast compare to the average forecast of its sector, industry, and investment themes?

Illinois Tool Works stock forecast shows a 1.54% upside, underperforming the average forecast for the industrials stocks sector (15.95%) and underperforming the industrial machinery stocks industry (10.90%).

What is the breakdown of analyst ratings for Illinois Tool Works over the past three months?

  • January 2025: 4.55% Strong Buy, 9.09% Buy, 59.09% Hold, 18.18% Sell, 9.09% Strong Sell.
  • December 2024: 4.55% Strong Buy, 9.09% Buy, 54.55% Hold, 18.18% Sell, 13.64% Strong Sell.
  • November 2024: 14.81% Strong Buy, 14.81% Buy, 44.44% Hold, 14.81% Sell, 11.11% Strong Sell.

What is Illinois Tool Works’s EPS forecast?

Illinois Tool Works's average annual EPS forecast for its fiscal year ending in December is 11.52 for 2024, a 17.91% increase from the reported $9.77 in 2023. The prediction for 2025 is $10.62, $11.41 for 2026, $12.41 for 2027, and $12.82 for 2028.

What is Illinois Tool Works’s revenue forecast?

Illinois Tool Works's average annual revenue forecast for its fiscal year ending in December is $15.95B for 2024, a -0.97% decrease from the reported $16.11B in 2023. The forecast for 2025 is $16.23B, $16.86B for 2026, $17.57B for 2027, and $18.06B for 2028.

What is Illinois Tool Works’s net income forecast?

For its fiscal year ending in December, Illinois Tool Works's average annual net income forecast is $3.49B for 2024, reflecting an 18.09% increase from the reported $2.96B in 2023. The projection for 2025 is $3.24B, $3.33B for 2026, $3.79B for 2027, and $3.89B for 2028.